Data through close

SPCX max pain, gamma exposure (GEX) & options open interest

As of close · rank #22 by open interest · 1,301 sessions of history since Jan 13, 2021

SPCX's nearest-expiration max pain is 150.00 for 2026-10-09, its GEX flip is 148.74, net GEX is 89,146,748, its put/call open-interest ratio is 1.11. These are whole-chain derived aggregates as of Oct 2, 2026 close.

Close
158.96
prev 148.07
Gamma max
172.89
+8.8% from close
Delta neutral
147.05
-7.5% from close
Gamma neutral
148.74
-6.4% from close
Open interest
3,788,563
-8.3% vs prev
Contracts listed
1,999
1,355 calls · 983 puts

Whole-chain analytics

Derived after the close from the same dated options chain. Signed gamma exposure uses calls positive and puts negative; it is a model convention, not observed dealer inventory.

Nearest max pain
150.00
-5.6% from close
2026-10-09
GEX flip
148.74
-6.4% from close
Net GEX
89,146,748
2,353,049 per 100k OI
Call wall
160.00
+0.7% from close
Put wall
150.00
-5.6% from close
Put/call OI
1.11
1,995,419 puts / 1,793,144 calls

Advanced options analysis

Complete derived analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
40.3
cross-sectional score / 100
Directional score
-16.1
relatively bearish positioning
IV rank
19.0
within trailing 52-week range
Front / back ATM IV
+44.6% / +49.7%
-5.2 pp front premium
Expected move
+6.2%
7 DTE · one standard deviation
ATM straddle / spot
+4.6%
front-window midpoint premium
25Δ risk reversal
-0.3 pp
put IV minus call IV
IV butterfly
1.7 pp
front-window smile convexity
Volume / open interest
0.43
1,812,399 contracts traded
Normalized net delta
0.107
option-holder convention
Modeled dealer delta
-0.106
opposite-side scenario
Vanna / 100k OI
3,469
volatility-sensitive delta
Charm / 100k OI
-1,982,042
time-decay-sensitive delta
IV surface range
83.5 pp
published contour maximum minus minimum

Strongest relative signals: volume/OI 0.43

Download the complete dated analysis JSON .

SPCX closed 8.8% below its gamma max of 172.89. It is 7.5% above the delta neutral price of 147.05. Total open interest is 3,788,563, -8.3% versus the previous session. Its options catalyst-intensity score is 40.3 out of 100, led by volume/OI 0.43. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

SPCX call and put open interest changes
Measure Value
Call OI change, 1 session -169,446 contracts · -8.6%
Put OI change, 1 session -174,077 contracts · -8.0%
Call minus put OI growth, 1 session -0.6 pp
Call OI change, 5 sessions +82,071 contracts · +4.8%
Put OI change, 5 sessions +69,580 contracts · +3.6%
Call minus put OI growth, 5 sessions +1.2 pp
Daily call OI change surprise -1.28σ (201 prior changes)
Daily put OI change surprise -2.16σ (201 prior changes)
Daily call-minus-put growth surprise — (73 prior changes)

History

2025-07 2026-10
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Derived from the 2026-10-02 options chain. Select an analysis to explore its chart.

Gamma walls

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What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses above gamma max 6 completed Day +10 paths · latest Jul 9, 2021
SPCX returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -2.0% -1.0% 0% +1.0% +2.0% Cross on Apr 16, 2021 Cross on May 11, 2021 Cross on May 13, 2021 Cross on May 25, 2021 Cross on Jun 11, 2021 Cross on Jul 9, 2021 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SPCX historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 6 +0.1% -0.1% to +0.1% 67% -0.2% to +0.4% 0.0%
Day +2 6 -0.2% -0.3% to -0.1% 17% -0.5% to +0.1% 0.0%
Day +3 6 -0.3% -0.3% to -0.1% 17% -0.3% to +0.4% 0.0%
Day +4 6 -0.4% -0.4% to -0.1% 17% -0.6% to +0.2% 0.0%
Day +5 6 -0.2% -0.3% to -0.0% 17% -0.5% to +0.1% 0.0%
Day +6 6 -0.2% -0.4% to -0.0% 17% -0.8% to +0.2% 0.0%
Day +7 6 -0.3% -0.5% to -0.1% 17% -0.9% to +0.4% 0.0%
Day +8 6 -0.1% -0.4% to +0.1% 33% -0.7% to +0.5% 0.0%
Day +9 6 -0.1% -0.4% to +0.3% 50% -0.8% to +0.8% 0.0%
Day +10 6 +0.0% -0.3% to +0.2% 50% -0.8% to +1.5% 0.0%
Crosses below gamma max 4 completed Day +10 paths · latest Jul 7, 2021
SPCX returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -2.0% -1.0% 0% +1.0% +2.0% Cross on Apr 30, 2021 Cross on May 12, 2021 Cross on Jun 9, 2021 Cross on Jul 7, 2021 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
SPCX historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 4 -0.1% -0.2% to +0.1% 25% – –
Day +2 4 +0.1% -0.2% to +0.6% 50% – –
Day +3 4 -0.0% -0.3% to +0.5% 50% – –
Day +4 4 +0.1% -0.1% to +0.4% 75% – –
Day +5 4 -0.1% -0.3% to +0.3% 50% – –
Day +6 4 -0.3% -0.5% to +0.0% 25% – –
Day +7 4 -0.2% -0.4% to +0.1% 25% – –
Day +8 4 -0.4% -0.6% to -0.0% 25% – –
Day +9 4 -0.4% -0.7% to +0.1% 25% – –
Day +10 4 -0.1% -0.6% to +0.4% 50% – –

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

SPCX trailing historical statistics
Sessions closed above gamma max 0%
Gamma max crosses 0
Delta neutral crosses 9
Prior-year sessions closer to gamma max 14.9% of 74
Prior-year sessions closer to delta neutral 64.9% of 74
Open interest percentile (1y) 85th
Daily open interest change versus prior year -1.79σ (-343,523 contracts; 252 prior changes)
Open interest change, 5 sessions +4.2%
Open interest change, 21 sessions -8.4%
History available Jan 13, 2021 → Oct 2, 2026

Recent crosses

  1. closed above delta neutral at 149.74 vs 142.12 (+5.1%)
  2. closed below delta neutral at 140.71 vs 140.90 (-0.1%)
  3. closed above delta neutral at 139.54 vs 138.21 (+1.0%)
  4. closed below delta neutral at 139.65 vs 139.80 (-0.1%)
  5. closed above delta neutral at 146.27 vs 137.57 (+5.9%)
  6. closed below delta neutral at 133.29 vs 134.03 (-0.6%)
  7. closed above delta neutral at 133.11 vs 132.97 (+0.1%)
  8. closed below delta neutral at 157.55 vs 162.34 (-3.0%)
  9. closed above delta neutral at 170.86 vs 163.99 (+4.0%)
  10. closed below gamma max at 26.48 vs 29.22 (-10.3%)

In today's screens

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/SPCX

Questions people ask about SPCX

Where is SPCX's gamma max today?

As of Oct 2, 2026, the gamma max for SPCX is 172.89, +8.8% from the 158.96 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is SPCX above or below its delta neutral price?

SPCX closed above delta neutral: 158.96 against a delta neutral price of 147.05. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does SPCX have?

3,788,563 contracts of open interest across 1,999 listed contracts on Oct 2, 2026, -8.3% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.